Kerusso Capital Management LLC Has $3.89 Million Stock Position in Synchrony Financial (NYSE:SYF)

Kerusso Capital Management LLC raised its position in shares of Synchrony Financial (NYSE:SYF) by 6.4% during the third quarter, HoldingsChannel.com reports. The fund owned 78,002 shares of the financial services provider’s stock after buying an additional 4,713 shares during the quarter. Synchrony Financial accounts for about 2.5% of Kerusso Capital Management LLC’s holdings, making the stock its 9th biggest position. Kerusso Capital Management LLC’s holdings in Synchrony Financial were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Synchrony Financial in the first quarter worth approximately $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of Synchrony Financial in the 2nd quarter valued at $33,000. WR Wealth Planners LLC lifted its position in shares of Synchrony Financial by 83.6% during the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Synchrony Financial during the second quarter worth $39,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SYF shares. Barclays lifted their price target on shares of Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of Synchrony Financial in a research note on Monday, October 14th. Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research note on Thursday, October 17th. Jefferies Financial Group boosted their price target on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, TD Cowen increased their price objective on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Synchrony Financial Price Performance

SYF stock traded down $0.85 during mid-day trading on Friday, hitting $63.79. 4,786,578 shares of the stock were exchanged, compared to its average volume of 3,970,227. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 1.31 and a beta of 1.59. The business has a fifty day moving average price of $52.41 and a 200 day moving average price of $48.31. Synchrony Financial has a 12 month low of $28.84 and a 12 month high of $67.76.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Synchrony Financial’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that Synchrony Financial will post 6.42 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, November 4th. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Insider Buying and Selling

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the completion of the sale, the insider now directly owns 76,251 shares in the company, valued at $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the sale, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.